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In fact, almost 50% of all independent companies go bankrupt within five years in the UK. They struggle to recoup their initial investment and end up in debt to their financers. Franchise companies and business opportunities turn around profits more quickly because they often have a ready-built customer base. Either way, franchising or investing in a business opportunity offers a better start than going into business entirely independently. Broader business opportunities are often considered the perfect choice during difficult economic times, as they generally require minimal working capital.
Learn how to find high-margin products, add them into your store, and start selling—fast. To help you find the inspiration to start, we compiled a list of 100+ in-demand business ideas, broken down into categories like fitness, apparel, and gaming. If you’re looking to start your own business, below is a big list of opportunities you can take advantage of today to … Read More
In the first year of my business I focused on getting to know the products and establishing a base of customers. Gradually I started to realise the potential in introducing other people to the business. Consider working in partnership with other businesses that offer complementary services to yours or target similar customer groups. This may help extend your market reach, allow you to pool resources and negotiate better deals with suppliers. Find out how to create growth through strategic partnering.